The First Step in Determining Managerial Objectives Is To

question 26

Multiple Choice

The first step in determining managerial objectives is to:

• A) develop appropriate compensation policies.
• B) eliminate agency problems.
• C) serve the needs of the customer.
• D) select an appropriate capital structure.

---

Definitions:

Internal Locus Of Control

A psychological concept that describes individuals who believe they have control over the outcomes of their actions and experiences, as opposed to being controlled by external forces.

External Locus Of Control

The belief that external forces beyond one’s control determine life’s outcomes.

Ethical Behavior

Acting in ways consistent with societal norms and values, emphasizing honesty, fairness, and integrity.

Terminal Value

Long-term life goals or objectives that individuals or organizations strive to achieve, guiding their actions and decisions.